Ashley completes sampling, awaits assay results

Executive Summary

• Ashley Gold Corp. provided an update on its 2025 fall exploration activities at its Ontario assets, specifically the Howie and Twilight zones.
• Phase 1 field work is complete, with 32 channel and grab samples submitted for assay; results are pending.
• The company successfully located intact historic drill core from a 1987 Esso Minerals campaign on the Twilight zone, which will be assayed to refine exploration strategy.

Key Details

• Channel Sampling Results:
  • 32 samples submitted to ActLabs in Dryden, Ontario.
  • Sample breakdown:
    • 5 grab samples from the newly identified Creek showing.
    • 2 samples from the Katisha area road cut.
    • 2 grab samples from the Twilight zone outcrop.
    • 23 channel samples representing 22.9 metres of cuts across the true width of the Twilight zone outcrop.
• Historic Core Discovery:
  • Executive team and Project Manager William Kuran located intact diamond drill core from four completed holes from Esso's 1987 drill campaign on the Twilight zone.
  • Core is stored at the Kenora core library.
  • Specific drill holes and zones of interest identified for viewing and subsequent sampling:
    • DDH-87-SB-01: 48 m to 65 m
    • DDH-87-SB-03: 77 m to 102 m
    • DDH-87-SB-05: 95 m to 124 m
    • DDH-87-SB-11: 43 m to 59 m
  • Half of the core will be cut and sent for assay to guide next steps.
• Field Activities (Phase 1):
  • Mobilized late July; active for two weeks (completed third week of August).
  • Activities included washing of the Twilight zone outcrop, exposing complex mineralization and silicified units.
  • Prospecting completed along the Katisha road cut and the Creek showing.
• Historical Context & Previous Results:
  • May 1987: Esso Minerals conducted a two-year program; historic logs show broad zones of sulphide mineralization, but assays were redacted.
  • Nov 2022: Surface prospecting at Main Katisha shear zone yielded up to 52.80 g/t Au.
  • Oct 2024: Completed induced polarization (IP) survey over two kilometres of lines.
  • March 2025: Reviewed IP data, expanded project by two significant claims, and identified new targets.
  • May 2025: Mechanical stripping and channel sampling at Katisha zone yielded results up to 20.2 g/t Au, confirming continuity of gold mineralization within a 5-10 metre wide deformation zone.

Notable Quotes

• Noah Komavli, President: "Ashley Gold has been busy behind the scenes since launching our financing in late July. Phase 1 work was completed on the Howie project in the third week of August, samples are now submitted and assays are pending."
• Noah Komavli, President: "Additionally, William Kuran, Ashley's project manager, has taken excellent initiative, locating core from a minimum of four completed drill holes from the 1987 drill campaign on the Twilight zone, our high-priority zone of interest. The core will be cut, and half of it will be sent for assay. The results will play an important role in refining our exploration strategy and guiding the next steps."